@ Abhi ,The ideal way to initiate Crane strategy would be on identifying exhaustion, either in uptrend or downtrend. Next on getting a JNSAR trigger.Next on getting the hour or Day at overbought condition.
Intraday resistance is being formed around 6185, coincides with Hour Pivot.minor Strength/ weakness continuation above/ below it.
Chanakya Neeti...dushman ka dushman dost ...எதிரியின் எதிரி நண்பன் ஆகிறதுCong shooting over AAP shoulders to checkmate Modi in 2014 electionsMarket factoring in a probable AAP versus BJP 2014 battle which means uncertainty.Over the long term more downsides possible until elections.For now PBT PBT PBT......Part booking time...;):):)
Good morning to all
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6280, S2-6219, S3-6159, VWAP-6219The 6200PE writers have started to feel the heat with small liquidation, any pullback is being sold into, only a move above 6235NF can see some short covering…Thanks & Regards
1.00PM TT & Chart Updated.
Dear FriendsSince morning not a single time till 1 pm NS retraced to touch even 21 EMA on 5 minutes. Gradual but strong downtrend? Next immediate support at developing Weekly 5 EMA of 6165 before 6142 or December month low of 6150 is reached?
Nifty not able to trade higher, may be give fast bounce to change mind
But trend with JNsar
If 6100 Broken than Weekly JNSar with us,Wow, wt a fantastic combination
@ Raulji6100 is very far.
is it not the island reversal pattern on cards
@Master,Weekly close below 6200,would headed up to 5900 or lower ??
@vikash,,yes,,yet not materialized till it maintains EOD
--> back@ VikashOn Day its already made Island Reversal. .on Wk , it will form one if next Monday's open is < today's close & then we ideally shud get a BLACK Weekly candle to seal the deal
New Post Done.